Strategic ETH to stETH Move Powers 10M USDT Binance Loan via AAVE

The "smartestmoney.eth" address, operating under Ember's watchful eye, has orchestrated a series of strategic ETH to stETH transactions that have set the crypto community abuzz.

Timeline of Aave, Ethereum, Steth, Tether

Blockchain tracker Lookonchain finds that a trader using the decentralized exchange (DEX) GMX made more than $1 million by accurately predicting Ethereum's (ETH) price action over the past several weeks.

The bustling activity across Layer 2 networks has set the crypto sphere abuzz, with the Ethereum mainnet witnessing a remarkable 400% surge in combined L2 throughput. This seismic shift in the digital landscape has been underscored by the recent 23pds report, which lays bare the phenomenal growth of Ethereum's Layer 2 ecosystem.

In the rapidly evolving landscape of Web3 social media, a new star has emerged on the horizon: friend.tech. This invite-only app, operating on the Base Layer 2 network, has captured users' attention by offering a unique proposition – the ability to issue and trade shares of oneself on the platform.

In a recent analysis, popular crypto market analyst Ali Martinez issued a cautionary note to cryptocurrency investors, highlighting the critical importance of Ethereum (ETH) maintaining its support within the $1,600 – $1,550 range.

In a mere fortnight since its emergence, the Friend Tech social platform has sent ripples across the сrypto space, reminiscent only of PEPE's April craze. Operating on Coinbase's Base, this innovative platform, integrating social interaction and monetization, has swiftly become the talk of the crypto town.

Tether, the issuer of stablecoin USDT, has announced a partnership with the Swiss city of Lugano to enhance the city's robust blockchain infrastructure, according to a report by Tether on Aug. 22.

For many investors, ETH price is back to the drawing board, down 9.7% in a week to $1,664 on Tuesday. The leading smart contracts token tumbled from support at $1,800 last week amid a market-wide sell-off that saw Bitcoin price drop from its range support at $29,000, before seeking support at $25,000.

In a concerning turn of events, Ethereum (ETH), the cornerstone of the crypto market, is teetering on the edge of a scenario reminiscent of 2019, ringing alarm bells among the investor community. Diving deep into the charts, renowned crypto analyst Benjamin Cowen has surfaced with a noteworthy insight that raises concerns for the altcoin giant.

With the majority of the cryptocurrency sector trending sideways, Ethereum (ETH), as its second-largest asset, is no exception, currently changing hands around $1,660, but indicators suggest that its bottom is likely behind us, with a possible upside in the near future.

Ethereum's founder Vitalik Buterin has transferred 600 ETH, worth $1 million, to Coinbase, as reported by Etherscan. This move has quickly caught the crypto community's attention and sparked speculation that it would trigger a pullback in Ethereum's price.